With the economy on shaky ground, there is some good news to report at the pump: Ethanol will save Americans more than $1 billion this year.

“With ethanol selling for $1 less per gallon than gasoline, Americans will benefit from ethanol this year through savings of $1-1.25 billion,” says Ron Lamberty, vice president/market development for the American Coalition for Ethanol (ACE), the nation's largest ethanol advocacy association. “This doesn't factor in the savings to consumers as ethanol has expanded our domestic fuel supply and has helped drive down gas prices.”